Government Properties Income Trust (NYSE:GOV) shares reached a new 52-week high during trading on Monday . The company traded as high as $23.56 and last traded at $23.49, with a volume of 290,050 shares. The stock had previously closed at $23.32.

A number of research analysts recently commented on GOV shares. FBR & Co started coverage on Government Properties Income Trust in a report on Thursday, June 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Zacks Investment Research raised Government Properties Income Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, June 21st.

The stock has a 50 day moving average of $20.77 and a 200 day moving average of $17.38.

Government Properties Income Trust (NYSE:GOV) last announced its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm earned $63.61 million during the quarter, compared to analyst estimates of $62.64 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts expect that Government Properties Income Trust will post $2.40 earnings per share for the current fiscal year.

A number of hedge funds recently bought and sold shares of the company. Comerica Bank raised its stake in Government Properties Income Trust by 0.5% in the fourth quarter. Comerica Bank now owns 71,839 shares of the real estate investment trust’s stock valued at $1,051,000 after buying an additional 360 shares during the period. California State Teachers Retirement System raised its stake in Government Properties Income Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 130,373 shares of the real estate investment trust’s stock valued at $2,069,000 after buying an additional 2,062 shares during the period. Dimensional Fund Advisors LP raised its stake in Government Properties Income Trust by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 952,788 shares of the real estate investment trust’s stock valued at $15,121,000 after buying an additional 2,433 shares during the period. Rhumbline Advisers raised its stake in Government Properties Income Trust by 6.4% in the fourth quarter. Rhumbline Advisers now owns 109,383 shares of the real estate investment trust’s stock valued at $1,736,000 after buying an additional 6,565 shares during the period. Finally, California Public Employees Retirement System raised its stake in Government Properties Income Trust by 5.0% in the fourth quarter. California Public Employees Retirement System now owns 201,179 shares of the real estate investment trust’s stock valued at $3,193,000 after buying an additional 9,600 shares during the period.

Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Company’s properties are located in Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Minnesota, Massachusetts, Missouri, New Jersey, New York, New Mexico, Oregon, South Carolina, Texas, Vermont, Washington West Virginia and Wyoming, among others.

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